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Blue Economy

Blue Economy offers a suite of opportunities for sustainable, clean, equitable blue growth in both traditional and emerging sectors.

Blue Economy Hafez Ahmad Blue Economy The blue economy is sustainable use of ocean resources for economic growth, improved livelihoods and jobs and ocean ecosystem health. The Blue Economy: 10 years – 100 innovations – 100 million jobs is a book by Gunter Pauli. The book expresses the ultimate aim that a Blue Economy business model will shift society from scarcity to abundance "with what is locally available. Why we need Blue Economy? 1.Sustainability a. clean water b. healthy fish stock c. offshore energy Blue growth for optimal use marine resources 3. Organic mariculture technologies 4. Creating more jobs 5. Shift society from scarcity 2. Bangladesh gets indirect benefits from Blue Economy 1. To explore and utilize marine resources 2. Aquaponics 3. Leading producers of cultured fish 4. Marine museum 5. Offshore energy by current ,wind , thermal etc. 6. Sea mining 7. Producing medicine from marine organisms 8.Organic recycling 9. Coastal and offshore tourism Marine resources of Bay of Bengal Marine resources Living Resources Sectors Marine fisheries and Mariculture Present status Seabass, crab , mullet, hilsa , shrimp pomfret grouper etc. Future Potentials Large scale pelagic exploration and hatchery based production and culture nontraditional species culture Seaweed , oyster, mussel etc. Large scale production and alternative and valuable food source Marine biotechnology From living resources such as coral Chemicals , medicine and others Carbon sequestration Mangrove , seagrass , seabed Storing carbon , bio-reduction of CO2 from atmosphere Oil, gas and minerals Strengthening national economy Exploration and extraction and mining Nonliving Sea salt Solar evaporation Use of high technology for better profit and export Resources Marine renewable energy Wind ,tide ,wave, current ,floating solar Future efficient extraction by high technology Marine ecotourism Mangrove , beach ,island Increase sites and tourists , offshore tourisms Marine and maritime education and research Human development and research on various related subjects Marine trade ,shipping and Port shipping and transport limited transportation Reduction pressure on land and a motion to national economy Marine spatial planning Tool and guide line for marine development Not yet formulated Major tourist roads in Bangladesh Coast Achieving SDGs Goals Alternative food sources from Bay of Bengal Food sources fish Shellfish seaweed Sustainable Coastal and offshore culture Benefits 1.Food 2.Nutriiton 3. Jobs 4. Using offshore water 5. Reduction pressure on land based culture 6. Contribution national economy 7. Foreign exchange 8. Reduction on natural biotic resources 9. Increase natural stock 10. Developing fisher living standard 11. And more Benefits from shellfish as an alternative food Benefits 1.Food 2. High nutrition 3. Jobs 4. Using offshore water 5. 6. 7. 8. Reduction pressure on land based culture Contribution national economy Foreign exchange And more Benefits from seaweed as an alternative food Seaweed will provide 1. Food 2. Nutrition 3. Jobs 4. Utilizing unused coastal area 5. Contribution national economy 6. Foreign exchange 7. And more Marine biotechnological Potentiality GLOBAL market for marine biotechnology products about US $ 2.8 billion. Projected to grow about US $ 4.6 billion in last 2017 In 2011 , there were 36 marine derived drugs in clinical development. Biotech from Bay of Bengal 1.Marine bacteria 2.Seaweed 3. Coral Potentialities of renewable energy from Bay of Bengal 710 km long coastal area with 2 to 8 m tidal height /head rise and fall and 118,813 km2 of sea area, comprising the territorial sea and Exclusive Economic Zone, Energy from tidal range Offshore wind turbine Current turbine Wave thermal energy conversion Probability of power generation from tide in Bangladesh Name Tidal range (meter) Output power (MW) Sandwip 5.53 28.83 Cox’s bazar 3.54 11.82 Hiron point 2.90 7.93 Golachipa 3.55 11.88 Patuakhali 3.54 11.82 Barisal 3.9 14.34 Sundorikota 4.78 21.54 Mongla 4.8 21.72 Char changa 5.6 29.57 total 176.64 Oil and Gas reserve in Bay of Bengal Bangladesh Undiscovered Gas potential about 32.1 TCF USGS-Petrobangla study Another study of NPD Gas potential about 41.6 TCF After verdict on maritime dispute over bay of Bengal between Bangladesh and Myanmar Bangladesh own full sovereignty to a full 200 nautical miles EEZ 118,813 km2 of sea area Minerals along Bangladesh coastal area Economically important minerals 1.Titanium 2. Limonite 3. Zircon 4. Rutile 5. Monazite 6. Magnetite 7. Monazite 8. Granet 9. Kainite 10. Leucoxene Reserve : 4.35 million tones Economic value : about 14000 crore Port and future port potentiality 1. Chittagong port Contribution : Chittagong Port handled over 43.37 million metric tons of cargo including 1.47 million TEUs containerised cargo whichis around 92% of total maritime trade of Bangladesh. 2. Payra port market share of port (%) 1% port Payra 42% Chittagong 57% mongla Potentiality of a Deep Sea Port in Bangladesh 1. New gateway of economic activity in deep sea 3. Supporting maritime trade 4. Advantage of Geographic location 5. Source of new lucrative investment 6. Coal supply 7. Low cost transport 8. Revenue 9. Employment 10. Limitation of Chittagong port Thank you